Oct 10, 2012 7:00am PDT
of the year, as you said, there's spending cuts that affect more than 1,000 government programs. >> mandated. >> absolutely. that could go into effect. tax cuts set to expire, including the bush tax cuts and the payroll tax cut. combined, all of these things could wipe about 5% growth off the economy, throw us into recession and the tax increases from 90% of americans. >> that sounds like the doomsday scenario. i mentioned there's been a stalemate so far, but the pressure is going to month on both sides to get something done. what's the likelihood we end up falling off this fiscal cliff? >> it's teetering right now. we've got eight senators, democrats and republicans, meeting behind closed doors in mt. vernon trying to come to some sort of a compromise, but there are other people who suggest that if we're allowed to go over the cliff, their negotiating power from both sides gains strength. >> let's break this down to the average person and the average family, all right. describe for me what happens to people at various income levels if all of these things actually fall into place. >> so, we'
Oct 8, 2012 7:00am EDT
by the government. many of his supporters say they will leave venezuela, likely destination, the united states. >> i love venezuela. we'll continue fighting for freedom. >> reporter: president hugo chavez is battling cancer. were it to take his life in the first four years of his life the vice president would serve for only 30 days, just enough time to stage a new election. natalie? >> kerry sanders in caracas, venezuela. thank you, kerry. >>> at least 27 new cases of fungal meningitis emerged as the deadly outbreak linked to steroid injections spreads to nine states. 91 people are now infected as the new england drug company that produced those injections widens its recall. the steroid is frequently used to treat back pain, and authorities say thousands of patients may have been injected with drugs made at the affected facility. >>> a plea deal today for the former cincinnati bengals cheerleader facing sexual abuse charges. the agreement will allow sarah jones to avoid a trial slated to begin wednesday. the 27-year-old jones is expected to serve probation but no jail time for having a sexual relati